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Kikkoman Valuation Multiples
Discover revenue and EBITDA valuation multiples for Kikkoman and similar public comparables like Primo Brands, Campbell's, Toyo Suisan, China Mengniu Dairy and more.
Kikkoman Overview
About Kikkoman
Kikkoman was founded in 1917 following the merger of eight family-owned companies in Noda, Chiba Prefecture, Japan. It is the largest soy sauce manufacturer in Japan and the US. Domestically, it sells a broad range of food and beverage products, including but not limited to soy sauce, soy milk, licensed Del Monte products, and liquor. Kikkoman’s products are shipped to over 100 countries with eight global production plants across the US, Asia, Europe, and South America. Apart from food manufacturing, Kikkoman also operates a wholesale business that resells Asian foods globally.
Founded
1917
HQ
Employees
8.2K
Website
Sectors
Financials (LTM)
EV
$8B
Kikkoman Financials
Kikkoman reported last 12-month revenue of $5B and EBITDA of $660M.
In the same LTM period, Kikkoman generated $660M in EBITDA and $384M in net income.
Revenue (LTM)
Kikkoman P&L
In the most recent fiscal year, Kikkoman reported revenue of $5B and EBITDA of $715M.
Kikkoman expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 30% | XXX | XXX | XXX |
| EBITDA | $660M | XXX | $715M | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 11% | XXX | XXX | XXX |
| Net Profit | $384M | XXX | $433M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 9% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Kikkoman Stock Performance
Kikkoman has current market cap of $8B, and enterprise value of $8B.
Market Cap Evolution
Kikkoman's stock price is $8.85.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8B | $8B | 0.3% | XXX | XXX | XXX | $0.47 |
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Start Free TrialKikkoman Valuation Multiples
Kikkoman trades at 1.7x EV/Revenue multiple, and 11.9x EV/EBITDA.
EV / Revenue (LTM)
Kikkoman Financial Valuation Multiples
As of March 19, 2026, Kikkoman has market cap of $8B and EV of $8B.
Equity research analysts estimate Kikkoman's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Kikkoman has a P/E ratio of 21.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV/Revenue | 1.7x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 11.9x | XXX | 11.0x | XXX | XXX | XXX |
| EV/EBIT | 16.2x | XXX | 14.4x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 5.2x | XXX | XXX | XXX |
| P/E | 21.4x | XXX | 18.9x | XXX | XXX | XXX |
| EV/FCF | 45.2x | XXX | 31.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Kikkoman Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Kikkoman Margins & Growth Rates
Kikkoman's revenue in the last 12 month grew by 6%.
Kikkoman's revenue per employee in the last FY averaged $0.6M.
Kikkoman's rule of 40 is 20% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Kikkoman's rule of X is 28% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Kikkoman Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | (7%) | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | (8%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 20% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 28% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 20% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 21% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Kikkoman Public Comps
See public comps and valuation multiples for other Food & Beverages comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Primo Brands | XXX | XXX | XXX | XXX | XXX | XXX |
| Campbell's | XXX | XXX | XXX | XXX | XXX | XXX |
| Toyo Suisan | XXX | XXX | XXX | XXX | XXX | XXX |
| China Mengniu Dairy | XXX | XXX | XXX | XXX | XXX | XXX |
| Ingredion | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Kikkoman M&A Activity
Kikkoman acquired XXX companies to date.
Last acquisition by Kikkoman was on XXXXXXXX, XXXXX. Kikkoman acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Kikkoman
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialKikkoman Investment Activity
Kikkoman invested in XXX companies to date.
Kikkoman made its latest investment on XXXXXXXX, XXXXX. Kikkoman invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Kikkoman
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Kikkoman
| When was Kikkoman founded? | Kikkoman was founded in 1917. |
| Where is Kikkoman headquartered? | Kikkoman is headquartered in Japan. |
| How many employees does Kikkoman have? | As of today, Kikkoman has over 8K employees. |
| Who is the CEO of Kikkoman? | Kikkoman's CEO is Shozaburo Nakano. |
| Is Kikkoman publicly listed? | Yes, Kikkoman is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Kikkoman? | Kikkoman trades under 2801 ticker. |
| When did Kikkoman go public? | Kikkoman went public in 1949. |
| Who are competitors of Kikkoman? | Kikkoman main competitors are Primo Brands, Campbell's, Toyo Suisan, China Mengniu Dairy. |
| What is the current market cap of Kikkoman? | Kikkoman's current market cap is $8B. |
| What is the current revenue of Kikkoman? | Kikkoman's last 12 months revenue is $5B. |
| What is the current revenue growth of Kikkoman? | Kikkoman revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Kikkoman? | Current revenue multiple of Kikkoman is 1.7x. |
| Is Kikkoman profitable? | Yes, Kikkoman is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Kikkoman? | Kikkoman's last 12 months EBITDA is $660M. |
| What is Kikkoman's EBITDA margin? | Kikkoman's last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of Kikkoman? | Current EBITDA multiple of Kikkoman is 11.9x. |
| What is the current FCF of Kikkoman? | Kikkoman's last 12 months FCF is $173M. |
| What is Kikkoman's FCF margin? | Kikkoman's last 12 months FCF margin is 4%. |
| What is the current EV/FCF multiple of Kikkoman? | Current FCF multiple of Kikkoman is 45.2x. |
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